Category Archives: News

Motorway police meet their goal of “zero accidents” in the years 2022–23

No accidents were reported in the current foggy weather, according to an NHMP representative, who also noted that using contemporary technology and acting quickly to control mishaps were the crucial elements in ensuring passengers' safety while travelling. There have been 23 pileup incidents on the highways over the past 12 years as a result of [...]

The FIA decides to detain Shaukat Tarin in the IMF audio leak case

Shaukat Tarin, the leader of the PTI and a former finance minister, is allegedly the subject of a leaked audio call in which he asks a former Khyber Pakhtukhwa minister to contact the International Monetary Fund (IMF) in order to exert pressure on the coalition government. The Federal Investigation Agency (FIA) has requested permission from [...]

Booking payments for Proton Pakistan are now being refunded

Taking a cue from Toyota, Proton Pakistan is offering full refunds to customers who have requested reimbursement due to delays in delivery and rising prices as a result of high freight rates and fluctuations in the USD-PKR exchange rate. In a statement, the company expressed its gratitude to its consumers for their patience and support. [...]

Installment plans with 0% markup now available for Honda bikes

Atlas Honda has launched an easy installment plan with various banks, including Standard Chartered, MCB, UBL, and Faysal Bank to make its bikes more accessible to consumers. As a result of this plan, Honda bike models are offered at a zero percent markup, making them more affordable for customers. According to the company, the installment [...]

AI battle with Microsoft heats up, Google chatbot makes blunders

Google, one of the world's most popular search engines, recently launched a number of AI-powered features, including enhancements to its maps, translation, and image recognition tools, Lens. However, a minor error in an advertisement resulted in a sharp decline in the company's share price. Google's announcement of its AI-based technology, Bard, was aimed at competing [...]

There was no agreement on the staff level in the IMF talks

An agreement at the staff level between Pakistan and the International Monetary Fund (IMF) has not been reached within the prescribed time frame to reactivate the stalled $6.5 billion bailout package. Both parties have agreed to a set of measures that may still help secure the deal, thereby avoiding a default.   The Pakistani authorities [...]

Flood victims in Sindh will receive help from the Saudi government

During the monsoon rains of last year, Pakistan experienced unprecedented flooding, which resulted in widespread damage and the loss of more than 1,700 lives.   In Karachi, Ambassador Nawaf bin Said Al-Malki met with Sindh Chief Minister Syed Murad Shah and learned about plans to construct homes with basic amenities for flood-affected residents. The Chief [...]

The Death Toll from the Turkiye-Syria Rarthquake Surpasses 21,000

The odds of discovering survivors have decreased now that the 72-hour window, which experts believe to be the most likely time to rescue life, has passed. The 7.8-magnitude earthquake occurred early on Monday as residents were sleeping in a location where many had already lost everything and had been displaced because of Syria's ongoing war. [...]

KSE-100 index drops 568 points as a result of the postponed IMF assessment

Trading was halted for Friday prayers, and the KSE-100 index, the industry standard, dropped by 568.21 points, or 1.34 percent, to hit 41,898.38 points. The market was under pressure as a result of the delay, according to Mohammad Sohail, CEO of Topline Securities. The delay in obtaining the staff-level agreement with the IMF caused the [...]

Operations are suspended by Pakistan’s second-largest tyre manufacturer

According to a formal notice, the company will cease production operations from February 13 to February 17, 2023, due to a shortfall of inventory brought on by import restrictions enforced by the State Bank of Pakistan (SBP). Also closed on weekends, the business will reopen on February 20, 2023. The notification reads as follows: The [...]

NADRA Prepares to Address Sindh’s Pervasive Property Duplication

The Board of Revenue Sindh (BoR) and NADRA Technologies Limited (NTL), a division of NADRA, have decided to adopt NTL's biometric verification technology at all Sindh Sub-Registrar Offices to prevent impersonation in property registration. The use of technology to precisely identify those involved in real estate transactions will promote openness in the registration procedure for [...]

FBR Orders Integration With POS System for 124 Large Retailers

Sales Tax General Order (STGO) 7 of 2023 was released by the FBR on Friday. The FBR informed merchants that their input tax claims will be denied without additional notice or legal action. "Their input tax claim would be refused as above, without any additional notice or proceedings, with the filing of Sales Tax Return [...]

ECC Approves the Revised Circular Debt Management Plan

Friday's meeting of the Cabinet's Economic Coordination Committee (ECC) was presided over by Finance Minister Ishaq Dar. Detailed information about the debt refinancing of Power Holding Limited and a surcharge to recoup markup fees were supplied by the Ministry of Energy's Power Division. Surcharge of Rs. 1 Per Unit : Following discussion, the ECC approved [...]

Pakistan will not leave Turkey alone in these circumstances : PM

The Pakistani Prime Minister, Shehbaz Sharif, has pledged to provide full support to Turkey following the devastating 7.8 magnitude earthquake. The death toll stands at 17,674 in Turkey and 3,377 in Syria, with a total of 21,051 confirmed fatalities as of Friday morning. At an event held at Lahore airport, the Prime Minister announced that [...]

Lahore will host the opening of the Pakistan Literature Festival in 2023

This festival aims to dig into important subjects like literature, education, and the economy with over 50 sessions showcasing a broad mix of entertainment, humour, music, dance, book releases, and conversations conducted by some of Pakistan's best intellectuals and artists. Mohsin Naqvi, the interim chief minister of Punjab, Syed Murad Ali Shah, Aamir Mir, the [...]

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